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This profile was last updated on 3/14/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Peter W. Davidson

Wrong Peter W. Davidson?

Executive Director, Loan Programs...

Local Address: WASHINGTON, District of Columbia, United States
DOE
P.O. Box 2001
Oak Ridge, Tennessee 37831
United States

Company Description: DOE purchases over $19 billion in goods and services annually and is committed to increasing contracting opportunities awarded to small and disadvantaged...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • Harvard University Graduate School of Business Administration
  • Stanford University
176 Total References
Web References
Lower Manhattan Development Corporation
www.renewnyc.org, 15 Jan 2014 [cached]
Peter Davidson
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PETER W. DAVIDSON
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Peter Davidson is Senior Advisor for Energy and Economic Development at the Port Authority of New York and New Jersey. Prior to this, he was Executive Director of the Empire State Development Corporation. Mr. Davidson was appointed Chairman of the Brooklyn Bridge Park Development Corporation (BBPDC) in December 2009. Mr. Davidson is a businessman who has founded and managed six media companies in New York; these companies were in the newspaper, radio, television, advertising and market research businesses, many of them centered in the Hispanic business community. From 1989 to 1999, he was owner and publisher of El Diario La Prensa, the leading Spanish-language newspaper in New York. Prior to 1989 he was an executive at Morgan Stanley & Co. Known as a creative business leader, he has piloted complex deals, structured numerous equity and debt-raising transactions, handled labor negotiations and acted as lead negotiator in multiple financings, acquisitions and asset sales. Since 2001, Mr. Davidson has also been Chairman of the J.M. Kaplan Fund, a leading NY based grant-making institution. Under his leadership, grant making has focused on improving the environment of New York City with more parkland, alternative transportation, and waterfront access. Funding also supports immigration policies in the United States and environmental and archeological conservation worldwide. Mr. Davidson is a graduate of Stanford University and the Harvard University Graduate School of Business Administration. He is an active member of the Brooklyn community.
The JM Kaplan Fund - Trustees & Staff
jmkfund.org, 13 Nov 2012 [cached]
Peter Davidson -- Chairman
Peter Davidson, a former ...
insideclimatenews.org, 3 Oct 2013 [cached]
Peter Davidson, a former investment banker, takes the helm. 'The truth is not at all what the popular perception is,' he says.
...
Peter Davidson
Peter Davidson walked nervously toward a U.S. Senate conference room in Washington, D.C. A lanky man with graying, wavy hair and thick-rimmed glasses, he was still studying the notes he had prepared when he stepped inside to face a dozen members of the Senate Committee on Energy and Natural Resources.
"My name is Peter Davidson," he said as he slid into a black leather chair and pulled a microphone close. "I recently joined the Department of Energy as executive director of the Loan Programs Office…one of the largest clean energy and transportation portfolios in the world."
Though few outside Washington know it, the Energy Department's eight-year-old Loan Programs Office is at the center of the nation's highly political battle over clean energy. The program backs innovative energy projects that can't get private financing because their technology is too new and risky.
Davidson, a former investment banker and entrepreneur, is charged with bringing the 180-person office back to life. Two years earlier it had been rocked by controversy when Solyndra, the solar company that took $527 million in loans, went bankrupt. Although the loss represented a small fraction of the program's $34.4 billion loan portfolio, the office became one of the most maligned and disliked federal programs. Congressional Republicans used it as a cudgel against Obama's clean energy programs. Lawmakers tried several times to block future spending by the office-to no avail.
Davidson was the first member of the loan office to appear before the Senate in more than a year, and the program's first permanent head in 18 months. His nervousness-and excitement-at the July 18 hearing on clean energy initiatives underscored the challenge he faces. If he can relaunch the program, dozens of high-risk but big-payoff technologies could get off the ground, hastening the clean energy transformation and helping to rein in global warming emissions. If he can't, those projects might never see the light of day.
"I think Peter would need to be a little crazy not to be apprehensive" going into it, said Ed Hatcher, a longtime friend and P.R. consultant who helped Davidson prepare for the hearing. "I think Peter would need to be a little crazy not to be apprehensive" going into it, said Ed Hatcher, a longtime friend and P.R. consultant who helped Davidson prepare for the hearing.
...
The initiative is "really a key part of what [Obama] is trying to do" on climate change, Davidson said in an interview near his home in Brooklyn, N.Y.
Today, after nearly five months on his first federal job, Davidson, who is known for his cool temperament and genial nature, said he's "energized" by his new vocation.
"We can't be defensive," he said about the loan program. "We've got to be very excited about what he have to offer."
'The Only Game in Town' for Big Clean Energy
Davidson, 54, has virtually no previous experience dealing with Washington politics and scandals, but he's a pro at raising and investing money in big-ticket ventures. For nearly three decades, the Harvard Business School graduate worked in finance in New York, first as an investment banker at Morgan Stanley and then as entrepreneur. He founded and managed six companies, including the Spanish-language media conglomerate, Latin Communications Group.
When it comes to debt finance, "I just really respect it and understand it," he said.
Davidson left the private sector in 2009 and spent two years at New York's state economic development agency. He then joined the Port Authority of New York and New Jersey as the senior advisor for energy and economic development. That job sparked his passion for clean energy and led to his appointment at the Energy Department.
...
At the Port Authority, Davidson tried but struggled to help a New York developer find private financing for a large waste-to-energy facility. He saw that banks would be more likely to invest in the first-of-its-kind project if the developer had a federal loan guarantee. If the company defaulted on its bank loan, the government would cover the losses.
Davidson knew very little about the loan program at the time, so he began taking the Amtrak train from Manhattan down to Washington, D.C., to try to help push the developer's loan application forward. He learned the ins and outs of the loan program and got to know people in the Energy Department. In early 2013, Richard Kauffman, senior advisor to then-Energy Secretary Steven Chu, approached Davidson about him possibly heading the loan office. (Davidson is no longer involved in the waste-to-energy project.)
...
Davidson was intrigued, but hesitant. He believed the massive federal loan program is "the only game in town" for financing innovative clean energy technologies on a large scale. But the program had been raked over the coals by policymakers and the media after the Solyndra debacle and the struggles of a few other firms, including electric-car maker Fisker Automotive. Taking the job would mean inviting scrutiny into his life.
...
Davidson, a father of three adult children, lives with his wife in Brooklyn, and getting to work meant traveling to Washington every week and crashing in Hatcher's guest bedroom until he could find an apartment.
The more Davidson studied the program, however, the more he was convinced it could transform the U.S. energy landscape.
"The truth is not at all what the popular perception is," he said.
$50 Billion Still on the Table
The Loan Programs Office is likely the largest clean energy finance bank of its kind worldwide, according to Davidson.
...
Davidson said one of the reasons he considered the job was the program's role in helping build the U.S. utility-scale solar sector practically from scratch. Four years ago, not a single solar photovoltaic (PV) project bigger than 100 megawatts had been built in the country, mainly because banks wouldn't back them. So in 2010 and 2011, the loan office guaranteed $6 billion in loans to six massive projects. The investments helped win the confidence of private lenders, who have since financed 10 new utility-scale projects without support from the federal loan office.
Before Davidson accepted the offer, he asked to meet with Obama's nominee for U.S. energy secretary, Ernest Moniz, a nuclear physicist at the Massachusetts Institute of Technology and director of the school's Energy Initiative. "I wasn't going to start the job unless he and I spent time together, and he thought I was the right person for the job," Davidson said.
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On May 13, Davidson started his first day at the loan office.
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Over a cup of coffee in Brooklyn Heights, Davidson said his mission is clear: to let energy companies know that the federal loan office is "back open for business.
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Davidson defended the investment in fossil fuels. "It's 'all-of-the-above,' which was the intent of Congress when they set up the program [in 2005], and it's certainly what the president believes and what we believe," he said.
...
Davidson is also tasked with attracting new applicants to the office's Advanced Technology Vehicles Manufacturing section.
...
If Congress approved a change, "we believe there would be far more applicants for the program," Davidson said.
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Davidson said his goal for the Loan Programs Office isn't just to get billions of dollars out the gate but also to re-establish the tarnished program as an important piece of America's clean energy future.
"You can make the argument that some government programs shouldn't exist, but if you really believe in energy innovation and innovation in the marketplace, this is a crucial program," he said.
...
Davidson told the senators that he's bulking up oversight of the program and is making its operations more transparent.
The hearing "was done in the spirit of, 'Look it it's a program … how to do we make sure it's optimized?'" he said.
No Land Grab: Financing Archives
www.nolandgrab.org, 14 June 2012 [cached]
And we knew that Empire State Development Corporation official Peter Davidson joined a road show in China to hype the project before potential investors, misleadingly claiming that Atlantic Yards "will be the largest job-creating project in New York City in the last 20 years."
...
Ten months later, still waiting for a response to my FOIL request about state official Peter Davidson's trip to China promoting Forest City Ratner's misleading "green cards for investments" venture
Atlantic Yards Report
On 10/5/10, I sent the following letter to the Empire State Development Corporation (aka Empire State Development):
Under the Freedom of Information Law, I request records regarding Executive Director Peter Davidson's planned trip to China this month on behalf of the New York City Regional Center's effort, under the EB-5 visa program, to market an investment in Atlantic Yards.
No Land Grab: ESDC Archives
www.nolandgrab.org, 7 Mar 2011 [cached]
The 10/5/10 request, however, was more narrow, regarding Executive Director Peter Davidson's planned trip to China on behalf of the New York City Regional Center's effort, under the EB-5 visa program, to market an investment in Atlantic Yards that would bring Forest City Ratner a $249 million low-interest loan.
...
A departure at Empire State Development: former Atlantic Yards overseer (and booster in China) Peter Davidson
Atlantic Yards Report
From today's Crain's Insider:
MOVING OVER: Empire State Development Corp. Executive Director Peter Davidson joins the Port Authority Monday. He will initially focus on economic development and energy policy.
Davidson, I noted earlier this month, had long had Atlantic Yards in his portfolio, overseeing Project Director Arana Hankin.
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Last year, in a trip to China to boost Forest City Ratner's Atlantic Yards project among potential investors, Davidson claimed, incredibly, that it would "be the largest job-creating project in New York City in the last 20 years."
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The project previously was in the portfolio of Executive Director Peter Davidson, to whom Arana Hankin, Director, Atlantic Yards Project, reported.
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Ten months later, still waiting for a response to my FOIL request about state official Peter Davidson's trip to China promoting Forest City Ratner's misleading "green cards for investments" venture
Atlantic Yards Report
On 10/5/10, I sent the following letter to the Empire State Development Corporation (aka Empire State Development):
Under the Freedom of Information Law, I request records regarding Executive Director Peter Davidson's planned trip to China this month on behalf of the New York City Regional Center's effort, under the EB-5 visa program, to market an investment in Atlantic Yards.
...
To clarify, Arana Hankin's direct supervisor has always been Peter Davidson, ESD's Executive Director.
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Does Adams agree with ESDC President Peter Davidson's claim, in China in support of Forest City Ratner's effort to get immigrant investor funding, that Atlantic Yards would "be the largest job-creating project in New York City in the last 20 years"?
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